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Policy loan |
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Policy loanA loan granted by a life assurance company to a policyholder. The extent of the loan is based on a percentage of the surrender value (typically up to 90%) of a whole life or endowment policy.Policy loanA loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.Policy loan Similar MatchesHomeowners insurance policyHomeowners insurance policyAn insurance policy protecting a homeowner against damage or loss to property. Guaranteed renewable policyGuaranteed renewable policyAn insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates. Insurance policyInsurance policyA contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. Fully paid policyFully paid policyA life insurance policy which remains in force where the insured has paid premiums over part of the term of the policy but is unable to make further payments. In these circumstances the cash or surrender value is used to purchase a single premium policy which pays a reduced amount either on the death of the insured or on maturity if a term is specified other than life. Scorched earth policyScorched earth policyOften used in risk arbitrage. Any technique a company that has become the target of a takeover attempt uses to make itself unattractive to the acquirer. For example, it may agree to sell off its crown jewels, or schedule all debt to become due immediately after a merger. Further SuggestionsFiscal policyqualifying policy unit linked policy fiscal policy Tax differential view (of dividend policy) Financial institution buyer credit policy Policy asset allocation Interest sensitive insurance policy Traditional view (of dividend policy) Straight term insurance policy policy document loan protection policy Stabilization policy Privacy policy valued policy Guaranteed renewable policy insurance Commercial policy Traded endowment policy (Tep) insurance policy Trade Policy Review Mechanism Umbrella personal liability policy Nonparticipating life insurance policy Umbrella policy Loan Policy Policy exclusions |
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